Many jobs in the STEM fields are expected to see double-digit growth through at least 2022 according to the Bureau of Labor Statistics (BLS). If you like working with numbers and would like to do it as a career, here are five up and coming career fields to consider.
1. Operations Research Analyst
People working in this math field use advanced mathematical and analytical methods to apply practical solutions to complex business problems. Because of the need for businesses to operate as efficiently as possible, the demand in this field will continue to grow. Having a minor in either computer programming or economics can open more job opportunities. Projected number of increases in jobs: 28,100.
2. Actuarial mathematics
Actuaries use math and statistics to analyze and assess financial costs weighed against the risk of incurring those costs. Those working in this field are usually employed in the finance or insurance fields, or self-employed as consultants. The field is relatively small with only about 25,000 current jobs but is becoming more competitive as the growth rate shows. Projected number of increases in jobs: 5,000.
3. Business Management Analyst
Many of the people working in this field do so as consultants. With efficiency being the primary goal of business, firms look for ways to use their resources smarter and increase their bottom line. From improving software to streamlining production processes, the jobs are varied. Employment opportunities will be the best for graduates also having a graduate degree, applicable certification, specialized expertise or speak a foreign language. Projected number of increases in jobs: 118,300.
4. Public accounting
Public accountants offer financial services to businesses and people, like preparing tax documents, auditing financial statements, accounting or consulting services in the field of accounting. However, because of the expected growth in this field, having just a bachelor’s degree isn’t enough. Graduates wanting to get into this field also need a CPA certification which requires passing an industry and ethics exam and working under a CPA anywhere from six months to two years. Projected number of increases in jobs: 90,700.
5. Quantitative business analysis
Falling mainly under the finance umbrella, this specialized field helps businesses make smart financial decisions by analyzing data. Graduates in this field typically work for investment banks, private equity firms, hedge fund managers and insurance companies. Since the financial crisis of 2008, the field of quantitative analysis has grown as businesses fine-tune their risk management processes so they can maximize profits while at the same time mitigate their risk to loss. While the pay is good across the field, those working on Wall Street make the most. Projected number of increases in jobs: 139,200.
The Forever GI Bill added the new Edith Nourse Roger STEM Scholarship for post-secondary students in a STEM program, but whose Post 9/11 GI Bill entitlement have or will have been exhausted before the completion of their program; two of the fields in the STEM list of programs are mathematics and statistics. Students awarded the scholarship can get either nine additional months of entitlement or up to $30,000 lump sum payment to complete their program.
If you like working with numbers and would like to do it as a career, any of these five fields are good choices.
